Economy

The African Development Bank Group (AfDB) has unveiled a comprehensive report highlighting significant gaps in the economic planning capacity across African nations. The report, titled “Benchmark Macroeconomic Models for Effective Policy Management in Africa,” was officially presented during the African Economic Conference 2023 in Addis Ababa. Conducted by the African…

In a recent discourse on the economic trajectory of Nigeria, former Central Bank of Nigeria Governor, Lamido Sanusi, offered strategic advice to the incumbent CBN Governor, Olayemi Cardoso, focusing on measures to counter the rising inflation that is currently challenging the nation. The guidance was imparted during a meeting in…

The investment industry in Nigeria has bankers who have made remarkable strides and cemented their positions as successful leaders. These professionals have through their expertise, strategic thinking, and contributions to the industry shaped the investment banking landscape. They have also inspired a new generation of professionals in Nigeria. This article…

Union Bank of Nigeria Plc said it has drafted a scheme that would allow it to transfer its shares to Titan Trust Bank the new owners. In addition, the bank said it will delist from the Nigerian Exchange Limited, but the scheme is subject to a meeting of the holders…

The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to start paying out the newly redesigned naira notes to customers over the counter, with a daily limit of N20,000. The bank governor, Mr. Godwin Emefiele, urged the public to be patient and promised that the CBN was…

The Stanbic IBTC Media Capacity Session for 2023 was held virtually on the 20th of December, 2022. The packed training session was handled by The TMTR Training Room, a skills-based, practice-led, certificate awarding institute.  The faculty includes award-winning writers and journalists like Peter Okwoche, BBC Senior Correspondent London; Kaine Agary,…

Following the outstanding results that some of the best performing banks in Nigeria published the previous year, the country’s banking sector continued its record-breaking accomplishments into the first half of 2022.  A net profit of N1 trillion was reported by the 13 banks listed on the Nigerian Exchange in 2021,…

The Central Bank of Nigeria and the Asset Management Company of Nigeria (AMCON) have recently announced that the sale of Polaris Bank shares to Strategic Capital Investment (SCIL) has been completed.  On October 20, 2022, the CBN announced this in a press statement that was posted online. “The Central Bank…

Appropriate financial management goes a long way in determining the success of a business. Due to its importance, employing the right accountant is one of the big decisions you must make in your small business. As a small business, there is a limit to what you can do in keeping…

Telecommunications businesses are beginning to carve their path into the financial sector. This is achievable because some payment service banks (PSB) have received operational licence approval from the Central Bank of Nigeria (CBN). In 2009, the Nigerian government launched the Shared Agent Network Expansion Service (SANEF) through the Central Bank…